Some people are rich long before they have money
From the monthly archives:
Here is a graph I put together using data from Forbes for 2008 and 2009 to see how much money the top 25 richest people in the world lost during the last year. All together the 25 richest people in the world lost 202.5 billion dollars in 1 year. Click on the graph for a [...]
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The current financial crisis has brought trouble to families from USA to Asia. As always the rich are getting off the hook by getting bailed out by the government while the middle class and the poor are the ones taking the full hit. Foreclosure rates in USA are up 30% compared to last year and [...]
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The Dow Jones has lost over half of what it was worth less than 2 years ago. Most mutual funds have lost even more – up to 80% of all their money. With the current financial crisis in full swing – it seems that whatever you put your money into – you will still lose. [...]
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